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...“Eighty per cent of the consumption of hydrocarbons [oil and gas] by 2050 is going to be in the Global South. Today it is 40 per cent in the Global North and 60 per cent in the Global South....
...of the US gas export industry....
...Talks over a planned $30bn merger between the chemicals arms of Abu Dhabi National Oil Company and Austria’s OMV have stalled over recent weeks, putting at risk a complicated deal to create a new market...
...Oil and gas executives were the most likely to share this view....
...Last year, Eni paid $4.9bn for London-based oil and gas producer Neptune Energy in what was the largest cash deal in almost a decade for the European energy sector....
...US oil and gas production under his presidency has outstripped that of any country in history....
...“The [oil and gas] sector are looking at plastic as being the next opportunity for the industry . . ....
...But an influx of gas well into the next decade would be an unhelpful headwind for the energy transition — and a chill wind for the oil and gas majors trying to sell it....
...Worse, banks have cut specialised loans to oil and gas companies as a direct result of the tax....
...It has already started selling assets — jettisoning oil and gas business Wintershall Dea in December....
...Shell has also made noises about selling its Singapore refinery and chemical plants. The oil major now anticipates a writedown on these of up to $2bn....
...The lawsuit addresses the problem of abandoned wells, which can leak toxic chemicals into the air, contaminate groundwater and emit methane gas unless they are plugged with cement....
...The chief executive of Ithaca Energy has quit the North Sea oil and gas producer, exiting as the group tries to rebound from a lacklustre first year as a public company....
...Conversely, US industry — including steel and chemicals — might benefit from the added availability of even cheaper natural gas....
...oil and gas assets in the ageing basin....
...and oil markets....
...Ethylene is produced from hydrocarbons derived from oil and natural gas and is a feedstock for the most widely used plastic, polyethylene....
...Despite the boost in decarbonisation funding over the next six years, Adnoc aims to spend $150bn on capital expenditure mainly to expand its oil and gas production capacity over in a five year plan launched...
...Aramco wants to increase its gas output by more than 60 per cent by 2030, compared with 2021 levels and to increase the portion of oil production used to make chemicals to 4mn b/d....
...and gas sector....
...The cash will be deployed over the next four years with spending on sectors such as new energies, chemicals, transition materials and digital technologies to diversify the Saudi economy when oil demand eventually...
...Much of his firepower derives from a humble source: a small oil refining and nitrogen fertiliser company in the US heartland....
...The oil and gas industry has begun taking steps to tackle methane emissions, as the US and other nations move to implement financial and other penalties....
...The US bank said efforts to cut back the use of coal, oil and gas had been hit by higher interest rates and inflation, as well as the wars in Ukraine and the Middle East....
...Last year, Cheniere signed long-term LNG deals with Norway’s Equinor, Germany’s BASF and Austria’s OMV....
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